Budget Talk With IIM Students
Jan 30, 2017
Tax Sops Likely for Manufacturing Sector: Ambit
Feb 25, 2015
On April 06, 2017 12:03 (IST)
The tribunal in a recent ruling said the assessing officer can now demand further proof for allowing HRA deduction.
On March 31, 2017 23:06 (IST)
From the date of import of equipments for power production, large power producers will now have 120 months to furnish details to tax authorities to avail of tax benefits, the government's spokesman Frank Noronha said in a tweet.
On March 25, 2017 14:13 (IST)
With less than one-week to go for the current financial year to end, it is the last chance for those who have not yet planned their tax.
On March 15, 2017 09:51 (IST)
The Union Cabinet is likely to consider today a draft amendment bill which seeks to double the ceiling of tax-free gratuity to Rs 20 lakh under the Payment of Gratuity Act, news agency Press Trust of India reported.
On March 05, 2017 14:16 (IST)
Due to the benefits offered under the Senior Citizen Savings Scheme like higher returns, less risk factor and tax savings option, it is becoming a popular choice among the retirees.
On March 14, 2017 22:45 (IST)
As per current tax laws, for properties rented out, a borrower could deduct the entire interest paid on home loan after adjusting for the rental income.
On February 05, 2017 14:59 (IST)
Individuals will be now required to deduct 5 per cent TDS or tax deducted at source for rental payments above Rs. 50,000 per month.
On February 01, 2017 16:56 (IST)
Noting that "limited number of individuals availed this deduction", the Union Budget 2017-18 today proposed to rationalise this tax benefit introduced in Finance Act, 2012 and phase it out from assessment year 2018-19.
On January 27, 2017 17:51 (IST)
In a clarification on implementation of GAAR, CBDT said the provisions will not apply if the tax benefits obtained are permissible under the limitation of benefits clause provided in tax treaties.
On January 16, 2017 16:21 (IST)
The ministry has already suggested the finance ministry to consider raising tax holiday for start-ups to 7 years from the current 3 years to encourage budding entrepreneurs.
On January 15, 2017 12:07 (IST)
While seeking lower tax rate, the players also want the government to fix the GST rates for the sector after taking due consideration of the GST/VAT being levied by neighbouring countries.
On January 10, 2017 16:08 (IST)
LTA is an allowance granted by organisations to their employees as part of their remuneration structure.
On December 20, 2016 15:27 (IST)
The government on Monday amended the income tax rule to offer this benefit to small traders.
On December 25, 2016 15:43 (IST)
Tax experts say that now with a standard format in place, it will help in better documentation for both employees and employers.
On November 23, 2016 00:45 (IST)
CBDT did not have any established mechanism to assess the impact of revenue foregone on account of deductions under Section 80 IA on the economy and industrial growth of the country, the government's auditor said.
On November 07, 2016 19:01 (IST)
GST benefits are likely to accrue over time rather than immediately, though in the long run the indirect tax regime will boost growth, lower costs and strengthen tax revenues, says a report.
On November 04, 2016 17:35 (IST)
India moved a step closer to creating a national sales tax but a deal on rates reached will hit some businesses harder than others, while its complexity will dilute any boost to growth and undermine its reliability as a revenue generator.
On November 06, 2016 13:07 (IST)
Under NPS, there are two types of accounts - tier I and tier II. The tier I account is non-withdrawable till the age of 60, except in specific situations whereas the tier II account is a voluntary savings account.